$699,000

11734 Carmine Street

Riverside CA, 92505

Description

PRIME INVESTMENT OPPORTUNITY! This property offers a solid history of positive cashflow and increasing market value. Carmine Street is a highly attractive fourplex in northwest Riverside situated on an almost 4,900 sqft lot with four identical units, each with a spacious 1-bedroom and 1-bathroom floorplan. The location is highly desirable with walking distance to La Sierra University (2,300 students), restaurants, entertainment, recreation, and access to freeways. With interest rates still at all-time lows, below market rent, and low operating costs for this property, Carmine Street is a fantastic purchase for any investor looking for an immediate positive cashflow opportunity.

Details

MLS#PW21023239
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1947
Days On Site18

Features

SQ Feet2,624
Units4
Building(s)1
Water FrontNo
Property ViewYes

Market Activity 92505

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Area Information
StateCA
CountyRiverside
CityRiverside
Zip Code92505
Area252 - Riverside
Listing VS Median (in 92505)
Price:
$699,000
low | high
Med:
$518,175
75.869098712446% of Average
SqFt:
2,624
low | high
Med:
2,028
72.713414634146% of Average
$ / SqFt:
$266
low | high
Med:
$258
53.190018170116% of Average
On Site:
18
low | high
Med:
136.500000
13.186813186813% of Average
Listing Updated: February 9, 2021 3:52:24 PM PST
Cliff Pfeiffer LogoMLS Number: PW21023239
Listing Provided By:
Cliff Pfeiffer  of  Seven Gables Real Estate
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.